Common use of No Credit Support Clause in Contracts

No Credit Support. Each Noteholder, by its acceptance of its Note (or interest therein) acknowledges and agrees, that (i) the Notes are not guaranteed by, or subject to any credit support of, the Manager or any other Non-Securitization Entity and (ii) neither the Manager nor any other Non-Securitization Entity shall be liable in any respect for any Obligations. Furthermore, each Noteholder, by its acceptance of its Note (or interest therein) hereby waives any present or future right to assert, allege or claim that (i) the Notes are guaranteed by, or subject to any credit support of, the Manager or any other Non-Securitization Entity and (ii) the Manager or any other Non-Securitization Entity shall be liable in any respect for any Obligations.

No Credit Support. Each Noteholder, by its acceptance of its Note (or interest therein) acknowledges and agrees, that (i) the Notes are not guaranteed by, or subject to any credit support of, the Manager or any other Non-Securitization Entity and (ii) neither the Manager nor any other Non-Securitization Entity shall be liable in any respect for any Obligations. Furthermore, each Noteholder, by its acceptance of its Note (or interest therein) hereby waives any present or future right to assert, allege or claim that (i) the Notes are guaranteed by, or subject to any credit support of, the Manager or any other Non-Securitization Entity and (ii) the Manager or any other Non-Securitization Entity shall be liable in any respect for any Obligations...